According to Jamie Coutts from Real Vision, Bitcoin could move into the $200,000–$250,000 range over the next two to three years. However, current data does not yet indicate a definitive end to the bear market, so alongside the long-term growth potential, the analyst also points to persisting risks.
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Weakening sell-offs bring first reason for optimism
Coutts believes that Bitcoin has likely already entered a more advanced phase of the current downward cycle. Although most trend indicators remain negative, signs of bullish divergence are beginning to appear on longer time frames. In other words, the price may still be declining, but the strength of sellers may no longer be as pronounced as in previous months.
A positive signal is also the gradual retreat of volatility, which is moving at approximately half the level compared to the previous cycle. While this does not rule out further price drops, it may mean that any potential bottom will not be as deep as in previous bear phases. Price development is influenced not only by global liquidity, but also by weaker user activity and lower demand directly within the Bitcoin network.
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Million-dollar Bitcoin remains a distant vision
Coutts considers estimates that Bitcoin could trade at one million dollars by 2030 to be too bold. He believes a gradual return to an upward trend and a price move toward the $200,000 to $250,000 threshold is much more likely. To fulfill this scenario, however, Bitcoin would need more favorable monetary conditions, a more stable economic environment, and renewed investor interest.
New technologies could also significantly impact future developments. Artificial intelligence could create an entirely new source of demand through autonomous agents and digital wallets, while quantum computers represent a potential security risk that the network will need to prepare for in time. For investors, it will therefore be important to monitor not only price charts, but also technological changes and broader market context, which is also tracked by the cryptocurrency exchange BITmarkets.
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